Bazaar Times
@bazaartimes
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Global Business, Emerging Technologies, Startups News. Turkiye & Middle East Business News
İstanbul, Türkiye
Joined October 2023
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Dubai twin-tower
#OneZaabeel
gets Guinness World record title for the ‘longest cantilevered building’ in the world. The luxury
#TwinTower
is located near Dubai World Trade Center & developed by Investment Corporation of
#Dubai
. The title was given to '
#TheLink
' that stretches 230
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Dubai Mangroves, a visionary concept project by URB. 72km of coastal regeneration with 100 million mangroves, the largest initiative of its kind, aims to boost ecotourism, biodiversity, and resilience of
#Dubai
. The Dubai Mangroves project is a groundbreaking initiative set to
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Turkiye 🇹🇷: US banking giant
#JPMorgan
revised its year-end forecast for dollar/Turkish Lira rate to 35.5 TL from 36 TL. The bank also increased its recommendation for
#TurkishBonds
to 'Overweight'.
#Turkiye
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Turkish 🇹🇷
#investors
have foreign direct investments 📈 in 130 countries valued at $62.2 billion in 2023.
#Turkiye
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@HamdanMohammed
5 countries accounted for 66.6% of the total foreign direct investment coming to
#Dubai
during the year 2023.
1. 🇨🇦 Canada: 26.5%
2. 🇺🇸 United States 17.5%
3. 🇸🇦 Saudi Arabia: 8.9%
4. 🇬🇧 United Kingdom: 8.2%
5. 🇮🇳 India 5.5%
🌏 Other countries: 33.4%
#FDI
#UAE
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Ambassador Kucukcan Highlights Strong Bilateral Relations and Upcoming Initiatives
Talip Kucukcan, Turkiye’s Ambassador to Indonesia, announced ambitious plans to increase the trade volume between Turkiye and Indonesia to $10 billion in the coming years. Currently standing at
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China 🇨🇳 moves closer to launching
#FlyingTaxi
services as
#EHang
seeks Beijing's approvals.
#China
#BazaarTimes
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More electric vehicles (EV) and even flying cars manufactured in China are expected to arrive to the UAE soon, the newly-appointed Chinese consul general Ou Boqian has confirmed to Khaleej Times.
“The UAE and China relations are growing in all aspects. And as we celebrate the
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Top 10 .COM registration & domain management companies as of Jan 2024
1. GoDaddy: 55,61 million
2. Newfold Digital: 12,17 million
3. Tucows: 10,95 million
4. Namecheap: 9,58 million
5. Squarespace: 8,15 million
6. TurnCommerce: 5,95 million
7. IONOS: 5,79 million
8. Gname:
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Turkiye’s exports to Canada will increase in many sectors from gold and jewelry to carpets
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Turkiye 🇹🇷 ranked 1st in Europe and 10th in the world in 2023 with agricultural products revenue of 68.5 billion dollars.
#Turkiye
#agriculture
#BazaarTimes
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The number of
#millionaires
in
#Turkiye
🇹🇷 (in US dollars value) will increase 📈 by 43% by 2028 according UBS
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IMF's dollar exchange rate forecast for Türkiye:
2024: 37.24 TL
2025: 52.57 TL
2026: 62.97 TL
2027: 73.54 TL
2028: 85.48 TL
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Bitcoin network has processed 1 billion transactions, marking a huge milestone for the network 15 years after its creation.
#bitcoin
0
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🚨
#Bitcoin
drops below $59,000 amid broad crypto market downturn 📉 that includes sharp drop in
#Ethereum
, the second-largest
#cryptocurrency
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watchOS 11 brings powerful health and fitness insights, and even more personalization and connectivity. Apple introduces the Vitals app, training load, new ways to tailor Activity rings, intelligent customization of the Smart Stack and Photos face, and the Translate app on Apple
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Samsung has announced Galaxy unpacked event on 10 July, 2024. The event will be live streamed on Samsung's website.
List of expected products
#Samsung
will release:
1. Galaxy Z Fold 6
2. Galaxy Z Flip 6
3. Galaxy Watch 7
4. Galaxy Watch Ultra
5. Galaxy Buds 3 Pro
6. Galaxy Buds
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GDP growth forecast in 2024 according to IMF
🇳🇪 Niger: 10.4%
🇸🇳 Senegal: 8.3%
🇮🇳 India: 6.8%
🇬🇪 Georgia: 5.7%
🇨🇳 China: 4.6%
🇦🇪 UAE: 3.5%
🇹🇷 Turkey: 3.1%
🇺🇸 USA: 2.7%
🇬🇷 Greece: 2%
🇪🇸 Spain: 1.9%
🇨🇭 Switzerland: 1.3%
🇫🇷 France: 0.7%
🇮🇹 Italy: 0.7%
🇬🇧 UK: 0.5%
🇩🇪 Germany: 0.2%
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New large ship
#manufacturing
countries. Netherlands, Turkiye, Russia, India, US, Malaysia & Bangladesh has increased production
#shipping
chart:cnbc
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Turkiye 🇹🇷 is working on
#ZeroWaste
Project. According to Minister of Environment Mehmet Özhaseki, glass, PET, and aluminum beverage packages will be recycled ♻️ with Deposit Management System. This system will contribute 20 billion TL to the Turkish economy, with a focus on
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🚨 Turkiye's disaster earthquake in 2023 affected 11 provinces and 14 million citizens. The estimated financial loss of the Feb earthquake has exceeded $104 billion
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Turkiye 🇹🇷 Minister of Finance Simsek: "I do not see any reason for the 25% limit on annual rent increase to continue." In the last 2 years,
#turkiye
's government has limited the annual rent increase limit to 25% for residential properties
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Taiwan’s 🇹🇼
#TSMC
, the 2nd biggest
#semiconductor
⚙️ manufacturer surpasses, Warren Buffett's
#BerkshireHathaway
as the world’s eighth largest 📈 company by value
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India 🇮🇳 is outpacing Japan, Singapore, and Hong Kong in data center investment. The country is planning to add up to 850 megawatts of new capacity in the three years through 2026.
#India
#BazaarTimes
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Turkiye 🇹🇷: In may Turkiye achieved the highest monthly export $24.1 billion, the highest in its history according to TİM President Gültepe
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UK 🇬🇧 based Huma Therapeutics, raised $80M at nearly $1 billion valuation. The
#startup
uses AI to help developers make health apps.
#HumaTherapeutics
#BazaarTimes
0
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London’s employers are letting more staff work entirely from home, according to a prominent recruitment firm, saving time and commute expenses.
#remotework
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JUST IN: The world’s largest exporter of orange juice,
#Brazil
, is having the worst harvest in 36 years
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Turkey's most valuable companies. Biggest companies in the Turkish stock market (Borsa Istanbul)
1. QNB Finansbank: 854 billion Turkish Lira
2. Koc Holding: 433 billion Turkish Lira
3. Turkish Airlines: 389 billion Turkish Lira
4. FordOtosan 338 billion Turkish Lira
5.
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#BlackRock
has struck a deal with the Saudi Arabian government to open a multi-class investment firm in
#Riyadh
, anchored by a $5bn mandate from the kingdom’s Public Investment Fund: FT
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Turkish Airlines ✈️ is expanding into manufacturing aircraft components. The airline has a huge fleet of airplanes, and it will manufacture seats and engine parts.
#turkishairlines
#BazaarTimes
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Turkiye 🇹🇷: 65 billion TL loans were provided to 68 thousand women
#entrepreneurs
in 1st quarter of 2024
#Turkiye
#BazaarTimes
1
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🚨 For the first time,
#ElectricVehicles
and Hybrid cars 🚗 accounted for 51% of new passenger cars sold in
#China
🇨🇳 last month according to new data.
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Türkiye 🇹🇷 & Azerbaijan 🇦🇿 agrees to boost business and reach $15 billion trade volume ASAP
#trade
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Turkiye's 🇹🇷 5 most valuable brands
1) Turkish Airlines (THY) - Airline
2) Arcelik - Electronics
3) Vestel - Electronics
4) Isbank - Bank
5) Garanti BBVA - Bank
#Turkiye
#brands
#BazaarTimes
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Local Game Startup Yuyuto Games is looking for investments at Fonangels
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A contract with a total cost of ₺1.7 billion was signed between ASELSAN and the Republic of Turkiye State Railways Transportation for the On-Board Signaling Equipment Supply Project.
According to ASELSAN’s statement on the Public Disclosure Platform (KAP), a new contract with a
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UAE: 🇦🇪
#Dubai
ranked Middle East's wealthiest city with 72,500
#millionaires
. The city has recorded a 78% growth in its millionaire population over the past 10 years, according to Henley & Partners
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Saudi Arabia 🇸🇦 announces the discovery of multiple
#oil
🛢 and gas fields in the Eastern Province and the Empty Quarter.
#SaudiArabia
#BazaarTimes
0
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Turkiye 🇹🇷 is raising tariffs on vehicle 🚘 purchases from China by 40% in a bid to curb imports and narrow the current account deficit.
#Turkiye
#BazaarTimes
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Japanese auto giants Nissan and Honda said on March 15 they had agreed to explore a strategic partnership in electric vehicles and other areas.
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🚨 Crypto optimism remains strong despite market fluctuations, bull run 📈 to continue according to new survey.
#crypto
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Indeks Bilgisayar, one of Turkiye’s leading information technology distribution groups and a publicly traded company within Indeks Grup, has finalized the acquisition of a 51% stake in HB Bilisim A.S. for a valuation of $23,235,294. With a legacy of 24 years in the information
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Boosting Technological Infrastructure and Product Range
Kayacan Ventures, a subsidiary of technology-focused Kayacan Holding, has extended its support to artificial intelligence startup AIVA AI with a $5 million investment based on its valuation. This investment aims to enhance
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TURKIYE: 🇹🇷
#Turkiye
's economy forecasts by S&P:
- Growth expectation 3% for 2024 and 2025
Dollar/TL Rate
- 31.88 end of 2024
- 43.00 end of 2025
Inflation
- 55.8% end of 2024
- 27.3% end of 2025
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The most visited countries in 2023
1. France 🇫🇷: 100M
2. Spain 🇪🇸: 85M
3. USA 🇺🇸: 67M
4. Italy 🇮🇹: 57M
5. Turkiye 🇹🇷: 55M
6. Mexico 🇲🇽: 42M
7. UK 🇬🇧: 37M
8. China 🇨🇳: 36M
9. Germany 🇩🇪: 35M
10. Greece 🇬🇷: 33M
source: UN tourism
#BazaarTimes
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Turkish Startup Eyes European and U.S. Markets with New Funding to Enhance Sales and Innovation
Robolaunch, a cloud-based software development and deployment platform designed for AI and robotic applications, has successfully raised $1.5 million in funding. The investment, led by
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The United Arab Emirates and Chile signed a comprehensive economic partnership agreement (CEPA), UAE President Sheikh Mohammed bin Zayed Al Nahyan announced in a post on X on Monday.
The signing took place during a visit by Chilean President Gabriel Boric to Abu Dhabi.
The deal,
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Saudi Arabian 🇸🇦 Military Industries inked 3 agreements with Turkish 🇹🇷 firms to localize defense businesses in the Kingdom’s
#aviation
,
#space
, and technology fields.
#SaudiArabia
#Turkiye
#BazaarTimes
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Turkish data-driven startup LemonRocks completes successful first funding round with participation from global investors and angel funds
LemonRocks, a prominent player in Turkiye’s data-centric startup and VC platform ecosystem, has successfully concluded its inaugural funding
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Wholesale shopping startup Topi received investment from Ahmet Bilgen with a valuation of $2.5 million
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Adnec Group has partnered with UAE-based Terrax Environmental at the recent World Future Energy Summit (WFES) to develop TerraTile, a 100% recycled modular flooring system for events.
Made from 100% waste and 100% recyclable, TerraTiles is a fully sustainable circular product.
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The Turkish automotive industry will host one of the largest organizations in the sector. The International Federation of Vehicle Parts Importers, Exporters and Wholesalers, of which the Automotive Aftermarket Products and Services Association is a member, decided to hold its
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Iraq 🇮🇶 has been connected to the Turkish 🇹🇷 electric grid ⚡️ recently:
📌 The project supplies the central region of Iraq with 300 megawatts
📌 The project has been on hold since 2004
📌 This is the first time that Iraq has an international connection with Turkiye and the
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#Bitcoin
has witnessed a good rally in 1st 3 months of 2024, going up from $42,208 to a new all-time high of $73,737
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ASAS Aluminium becomes the second Turkish employer to receive the Gold CFE Certification
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Million dollar agreement from ASELSAN with SSB
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India's 💎
#Surat
’s lab-grown
#diamond
crisis deepens as De Beers cuts prices, oversupply in the market, and shifts from natural diamonds to
#LabGrownDiamond
.
#india
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Microsoft is investing $2.2 billion over the next four years in
#Malaysia
's new cloud and artificial intelligence infrastructure as well as partnering with the government to establish a national
#AI
center, its CEO Satya Nadella said
#Microsoft
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SHA Wellness Clinic has partnered with Abu Dhabi-based developer IMKAN to launch SHA Residence Emirates, the world’s first healthy living island. Located in AlJurf, the idyllic private island lies on the ‘Riviera’ of Abu Dhabi, approximately halfway between Dubai and Abu Dhabi.
0
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Study finds UAE SMEs across the board experienced a period of robust growth
Small and medium Enterprise (SME) sectors in the UAE have moved from a stage of resilience to prosperity after the Covid-19 pandemic, with two out of three expressing a positive view of the future
0
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Cook said about Apple Intelligence “It has to be powerful enough to help with the things that matter most to you, It has to be intuitive and easy to use. It has to be deeply integrated into your product experiences. Most importantly, it has to understand you and be grounded in
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Thailand 🇹🇭 is actively working to establish itself as a prominent hub for
#DataCenters
. This country aims to attract domestic and international
#tech
companies to establish new facilities ⚙️ and capitalize on the global surge in
#ArtificialIntelligence
and cloud computing.
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🚨 Japan's 🇯🇵
#population
declines for the fifteenth consecutive year to a record level.
#japan
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macOS Sequoia takes productivity and intelligence on Mac to new heights. According to Apple, the Mac experience gets better than ever with iPhone Mirroring, big updates to Safari, highly anticipated games, and Apple Intelligence to deliver all-new capabilities.
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World Bank expects to deliver $18B to Türkiye in 2024-2028 period
The World Bank Group on Thursday announced a new country partnership framework (CPF) for Türkiye covering the 2024-2028 fiscal years to support the country’s transition to high-income status. The CPF will focus on
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Member companies of the Western Mediterranean Exporters’ Association (BAIB) achieved exports of $874 million 167 thousand in the first 4 months of the year. In April, the highest export was to China, with an increase of 89.14% ($30 million 935 thousand).
BAIB Chairman Umit Mirza
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Forto, a logistics technology company supported by two of the world’s largest global investment companies and which became a unicorn shortly after its establishment, chose Turkiye as its new base. The company opened a technology office in ITU ARI Teknokent.
Berlin-based Forto,
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Canadian fund manager acquires controlling interest in GII-owned assets
Canada’s Brookfield Asset Management has bought a controlling stake in Gulf Islamic Investments’ (GII) logistics real estate portfolio, which features 1.5 million square feet of warehouses in the UAE. The
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SAUDI ARABIA: "We need a very large fleet. We’re going to make a number of additional orders,
#RiyadhAir
CEO Tony Douglas tells Bloomberg.
#SaudiArabia
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Turkiye's 🇹🇷 Connectivity Statistics:
📍86.5% of the population has internet 🛜 access.
📍93.8% have mobile 📱connections.
📍67.4% of the population have social media accounts.
📍Average fixed internet download speed ⚡️ 41.90MB
Monthly social media usage per user in
#Turkiye
:
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